Covenant Community Development Corporation of Orlando Inc

Analysis

Covenant Community Development Corporation of Orlando Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Covenant Community Development Corporation of Orlando Inc reported income of $150k and spending of $77k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $150k (+233%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Covenant Community Development Corporation of Orlando Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Jedco Development Corporation ($150k), Dni 4 Inc ($150k) and Rock and Wrap It Up Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 23% of the total. At year end it held assets of $3.8m against liabilities of $8,922, net assets of $3.8m.